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Money Market Operations: Overnight ₹6.39 Lakh Crore at 4.79% Weighted Average Rate

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Summary

RBI released daily money market operations data for April 15, 2026. The overnight segment recorded total volume of ₹6,38,856.21 crore with a weighted average rate of 4.79%. The Standing Deposit Facility (SDF) absorbed ₹4,08,251 crore, while the Marginal Standing Facility (MSF) injected ₹151 crore. Net liquidity absorbed from outstanding operations stood at ₹5,21,472.11 crore. Scheduled commercial banks held cash balances of ₹7,45,904.03 crore with RBI against a fortnightly average requirement of ₹7,76,432 crore.

Published by RBI on rbi.org.in . Detected, standardized, and enriched by GovPing. Review our methodology and editorial standards .

What changed

RBI published daily money market operations data for April 15, 2026, reporting overnight segment volume of ₹6,38,856.21 crore at a weighted average rate of 4.79%. The Standing Deposit Facility absorbed ₹4,08,251 crore, while the MSF injected ₹151 crore at 5.50%. Scheduled commercial banks maintained cash balances of ₹7,45,904.03 crore against a required average of ₹7,76,432 crore for the fortnight.

This is routine statistical reporting of monetary policy operations. Banks, financial institutions, and market participants tracking RBI liquidity conditions should note the current surplus/absorption position. The data reflects ongoing monetary policy implementation through the LAF corridor framework but does not create new compliance obligations.

Archived snapshot

Apr 17, 2026

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Press Releases

| () |
| Date : Apr 16, 2026 |
| Money Market Operations as on April 15, 2026 |

| (Amount in ₹ crore, Rate in Per cent) |

| Money Markets @ | Volume
(One Leg) | Weighted
Average Rate | Range |
| --- | --- | --- | --- |
| A. Overnight Segment (I+II+III+IV) | 6,38,856.21 | 4.79 | 0.01-6.10 |
| I. Call Money | 15,904.38 | 5.08 | 4.20-5.15 |
| II. Triparty Repo | 4,46,083.05 | 4.78 | 4.50-5.00 |
| III. Market Repo | 1,69,708.93 | 4.77 | 0.01-5.20 |
| IV. Repo in Corporate Bond | 7,159.85 | 5.32 | 5.25-6.10 |
| B. Term Segment |
| I. Notice Money ****** | 87.50 | 4.94 | 4.80-5.10 |
| II. Term Money @@ | 1,146.00 | - | 5.30-5.60 |
| III. Triparty Repo | 2,027.85 | 4.89 | 4.80-4.95 |
| IV. Market Repo | 1,061.99 | 5.27 | 4.95-5.40 |
| V. Repo in Corporate Bond | 0.00 | - | - |

| RBI Operations @ | Auction Date | Tenor (Days) | Maturity Date | Amount | Current Rate /
Cut off Rate |
| --- | --- | --- | --- | --- | --- |
| C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) |
| I. Today's Operations |
| 1. Fixed Rate |
| 2. Variable Rate & |
| (a) Repo Operation |
| (b) Reverse Repo Operation |
| 3. MSF # | Wed, 15/04/2026 | 1 | Thu, 16/04/2026 | 151.00 | 5.50 |
| 4. SDF Δ# | Wed, 15/04/2026 | 1 | Thu, 16/04/2026 | 4,08,251.00 | 5.00 |
| 5. Net liquidity injected from today's operations [injection (+)/absorption (-)]* | -4,08,100.00 | |
| II. Outstanding Operations |
| 1. Fixed Rate |
| 2. Variable Rate & |
| (a) Repo Operation | Fri, 30/01/2026 | 90~ | Thu, 30/04/2026 | 10,479.00 | 5.34 |
| Fri, 30/01/2026 | 90~~ | Thu, 30/04/2026 | 67,285.00 | 5.26 | |
| (b) Reverse Repo Operation | Fri, 10/04/2026 | 7 | Fri, 17/04/2026 | 2,00,041.00 | 5.24 |
| 3. MSF # |
| 4. SDF Δ# |
| D. Standing Liquidity Facility (SLF) Availed from RBI $ | 8,904.89 | |
| E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]* | -1,13,372.11 | |
| F. Net liquidity injected (outstanding including today's **** operations) [injection (+)/absorption (-)]* | -5,21,472.11 | |

| Reserve Position @ | Date | Amount | |
| --- | --- | --- | |
| G. Cash Reserves Position of Scheduled Commercial Banks |
| (i) Cash balances with RBI as on | April 15, 2026 | 7,45,904.03 | |
| (ii) Average daily cash reserve requirement for the fortnight ending^ | April 15, 2026 | 7,76,432.00 | |
| H. Government of India Surplus Cash Balance Reckoned for Auction as on ¥ | April 15, 2026 | 0.00 | |
| I. Net durable liquidity [surplus (+)/deficit (-)] as on | March 31, 2026 | 5,06,806.00 | |
@ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).

  • Not Applicable / No Transaction.

** Relates to uncollateralized transactions of 2 to 14 days tenor.

@@ Relates to uncollateralized transactions of 15 days to one year tenor.

$ Includes refinance facilities extended by RBI.

& As per the Press Release No. 2025-2026/1201 dated September 30, 2025.

~ As per the Press Release No 2025-2026/1998 dated January 27, 2026.

~~ As per the Press Release No 2025-2026/2015 dated January 30, 2026.

Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.

  • Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.

¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.

As per the Press Release No. 2023-2024/1548 dated December 27, 2023.

^ As per the notification No. RBI/2025-26/148 DOR.RET.REC.354/12.01.001/2025-26 dated December 11, 2025.

Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2026-2027/89 | (Amount in ₹ crore, Rate in Per cent) | Money Markets @ | Volume
(One Leg) | Weighted
Average Rate | Range | A. Overnight Segment (I+II+III+IV) | 6,38,856.21 | 4.79 | 0.01-6.10 | I. Call Money | 15,904.38 | 5.08 | 4.20-5.15 | II. Triparty Repo | 4,46,083.05 | 4.78 | 4.50-5.00 | III. Market Repo | 1,69,708.93 | 4.77 | 0.01-5.20 | IV. Repo in Corporate Bond | 7,159.85 | 5.32 | 5.25-6.10 | B. Term Segment | I. Notice Money ****** | 87.50 | 4.94 | 4.80-5.10 | II. Term Money @@ | 1,146.00 | - | 5.30-5.60 | III. Triparty Repo | 2,027.85 | 4.89 | 4.80-4.95 | IV. Market Repo | 1,061.99 | 5.27 | 4.95-5.40 | V. Repo in Corporate Bond | 0.00 | - | - | RBI Operations @ | Auction Date | Tenor (Days) | Maturity Date | Amount | Current Rate /
Cut off Rate | C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) | I. Today's Operations | 1. Fixed Rate | 2. Variable Rate & | (a) Repo Operation | (b) Reverse Repo Operation | 3. MSF # | Wed, 15/04/2026 | 1 | Thu, 16/04/2026 | 151.00 | 5.50 | 4. SDF Δ# | Wed, 15/04/2026 | 1 | Thu, 16/04/2026 | 4,08,251.00 | 5.00 | 5. Net liquidity injected from today's operations [injection (+)/absorption (-)]* | -4,08,100.00 | | II. Outstanding Operations | 1. Fixed Rate | 2. Variable Rate & | (a) Repo Operation | Fri, 30/01/2026 | 90~ | Thu, 30/04/2026 | 10,479.00 | 5.34 | Fri, 30/01/2026 | 90~~ | Thu, 30/04/2026 | 67,285.00 | 5.26 | (b) Reverse Repo Operation | Fri, 10/04/2026 | 7 | Fri, 17/04/2026 | 2,00,041.00 | 5.24 | 3. MSF # | 4. SDF Δ# | D. Standing Liquidity Facility (SLF) Availed from RBI $ | 8,904.89 | | E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]* | -1,13,372.11 | | F. Net liquidity injected (outstanding including today's **** operations) [injection (+)/absorption (-)]* | -5,21,472.11 | | Reserve Position @ | Date | Amount | G. Cash Reserves Position of Scheduled Commercial Banks | (i) Cash balances with RBI as on | April 15, 2026 | 7,45,904.03 | (ii) Average daily cash reserve requirement for the fortnight ending^ | April 15, 2026 | 7,76,432.00 | H. Government of India Surplus Cash Balance Reckoned for Auction as on ¥ | April 15, 2026 | 0.00 | I. Net durable liquidity [surplus (+)/deficit (-)] as on | March 31, 2026 | 5,06,806.00 |

| (Amount in ₹ crore, Rate in Per cent) |

| Money Markets @ | Volume
(One Leg) | Weighted
Average Rate | Range |
| I. Call Money | 15,904.38 | 5.08 | 4.20-5.15 |
| B. Term Segment |
| II. Term Money @@ | 1,146.00 | - | 5.30-5.60 |
| IV. Market Repo | 1,061.99 | 5.27 | 4.95-5.40 |
| V. Repo in Corporate Bond | 0.00 | - | - |
Cut off Rate |
| I. Today's Operations |
| 1. Fixed Rate |
| 2. Variable Rate & |
| (a) Repo Operation |
| (b) Reverse Repo Operation |
| 5. Net liquidity injected from today's operations [injection (+)/absorption (-)]* | -4,08,100.00 |
| II. Outstanding Operations |
| 1. Fixed Rate |
| 2. Variable Rate & |
| Fri, 30/01/2026 | 90~~ | Thu, 30/04/2026 | 67,285.00 | 5.26 |
| 3. MSF # |
| 4. SDF Δ# |
| D. Standing Liquidity Facility (SLF) Availed from RBI $ | 8,904.89 |
| E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]* | -1,13,372.11 |
| F. Net liquidity injected (outstanding including today's **** operations) [injection (+)/absorption (-)]* | -5,21,472.11 |
| Reserve Position @ | Date | Amount |
| (i) Cash balances with RBI as on | April 15, 2026 | 7,45,904.03 |
| (ii) Average daily cash reserve requirement for the fortnight ending^ | April 15, 2026 | 7,76,432.00 |
| H. Government of India Surplus Cash Balance Reckoned for Auction as on ¥ | April 15, 2026 | 0.00 |
| I. Net durable liquidity [surplus (+)/deficit (-)] as on | March 31, 2026 | 5,06,806.00 |

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Named provisions

Money Market Operations LAF MSF SDF Operations Reserve Position of SCBs

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Last updated

Classification

Agency
RBI
Published
April 16th, 2026
Instrument
Notice
Legal weight
Non-binding
Stage
Final
Change scope
Minor
Document ID
Press Release No. 2026-2027/89

Who this affects

Applies to
Banks
Industry sector
5221 Commercial Banking
Activity scope
Money market operations Liquidity management Reserve requirements
Geographic scope
IN IN

Taxonomy

Primary area
Banking
Operational domain
Finance
Topics
Financial Services Monetary Policy

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